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Pressure Cooker Settlement OK’d Despite DOJ Opposition

Aug. 3, 2018, 8:25 PM

A class settlement awarding $72 coupons to consumers who alleged their Tristar pressure cookers could explode won final approval Aug. 3 over objections from the Justice Department and 18 state attorneys general.

But class counsel’s fee request, amounting to more than half of the total value of the deal, is “above the norm,” Judge James S. Gwin wrote for the U.S. District Court for the Northern District of Ohio. He reduced the award by 15 percent to $1.98 million.

This is at least the second class settlement in which the DOJ has filed a statement of interest since announcing in ...

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